Hunt Slashes National Insurance as Tories Gear up for General Election Campaign

The chancellor has cut national insurance for 27 million workers and increased the state pension by 8.5 percent.

Britain's Chancellor of the Exchequer Jeremy Hunt leaves 11 Downing Street to present his Autumn Budget Statement at the House of Commons in London on Nov. 22, 2023. Stefan Rousseau/POOL/AFP via Getty Images

Chancellor Jeremy Hunt has cut national insurance for 27 million workers by 2 percent as he outlined an Autumn Statement that set out battle lines with the Labour Party in the run up to next year’s general election.

Mr. Hunt told a packed House of Commons on Wednesday the economy was “back on track” and said his Autumn Statement contained “110 different measures to help grow the British economy.”